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Two Months before the crash, production falls 20%.
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U.S. Stock market collapse.
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stock market prices reach low for the year, with New York Times index of industrial stocks at 224.
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The act raised U.S. tariffs on over 20,000 imported goods to record levels.
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New York Federal Reserve Bank's discount rate raised from 1.5 percent to 2.5 percent.
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Roosevelt Becomes 32 president.
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changing the price of gold from $20.67 an ounce to $35 an ounce.
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Increased the surtax rate on individual incomes over $50,000, the estate tax on individual estates over $40,000 and graduated steeply taxes on individual incomes over $1 million until the rate was 75% in excess of $5 million.
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The Act provides for the immediate payment of veterans' bonuses.
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FDR defeats Alfred M. Landon, Governor of Kansas, to win second term as President (electoral count 523 to 8)
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I see one-third of a nation ill-housed, ill-clad, ill-nourished."
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March of Dimes was established to help fight polio.
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Albert Einstein signed a letter to President Franklin Roosevelt urging creation of an atomic weapons research program.
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Selective Training and Service Act passed, requiring men between the ages of 21 and 35 to register for military training.
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FDR defeats Wendell Willkie (449 to 82 Electoral College vote totals) to win third term as President.
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President Roosevelt delivers his State of the Union address, saying "we look forward to a world founded upon four essential human freedoms."
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